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Red hot US property market to get a further boost when lifting of travel restrictions allows foreign buyers back, analysts say

The return of foreign homebuyers to US real estate once travel restrictions are lifted is likely to further boost prices in one of the world’s hottest property markets, according to analysts and agents.Even in the absence of demand from overseas, low interest rates and a limited supply have pushed up average home prices in the US to record highs in recent months, according to various indices.For instance, the S&P CoreLogic Case-Shiller National Home Price Index, which tracks average home prices…

Read the original article at South China Morning Post

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